Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1887-05-25
prroRr OF THE MINT DIRECTOR.
Montana Takes tho Second Place IN INC
p~,oauctien of the Precious Metals.

x.,t.na Takes tho second Place In the
p--oductien of the Precious Metals.
WAsH1NeroN, May 2O.-The report OF the
Director of the Mint on the production OF
,,oc;oua metals in the United States Tor
the calendar year 1886, is in press, and
will soon be ready for distribution. Inc
Director estimates the production IN ene
Tinted States to have been in 1886: Gold,
sa5. OOo, 900; silver, $51, 0O0, 900. The
70 Inc If silver in the above estimate is cal
culated at coinage rate of the silver dollar
numelv: 1888 per ounce fne. The pro-
drct;on Of silver was 3O,445,312 fine
onncee. The commercial value at the
average price of silver during the year
namely: bout 81 per fine ounce Is $o9,-
445, 312. The production of gold shows
an increase over the prior year
of So. 200, 900. The production
Of silver is slightly less
than in 1885. A tabular statement shows
that the production of silver in the United
States has largely increased from 1881,
when it was $50, 200, 900 to $4,000
in 1886. The years production OF golo
has approximated the maximum OF last
years product, wa $36,Ooo U against
$35. OOO, 900 in 1886.
Colorado continues in the front rank rs
the largest producer OF precious metals IN
the United States. The value of it's pro-
duction in gold and silver has been
over $40, OOO, 900 during the last year.
California yields the second place to
Montana with production o.
nearly $17,OOO,0O0 against $16,-
900, 600 by the former. The production
of Nevada and New Mexico has decreased
lii kl.k - o%bo~ Oko+oc h. vn rornoSuo6
almost constant. Texas. for the first
time, is added to the list of producing |
St., tes with q production of 5000, 900 in
silver. The annual supply OF silver from
the mines of the world has largely in
creased in the last four years, a period
by a marked decline in the market
price of silver.
During the calendar year 1886 changes
in the prices OF silver were very marked, |
opening IN the second of January, 1886,
at 46.15-16 pence per ounce, British stand
ard. The fluctuations were slight till
April, when commenced a rapid decline,
price of silver reached AZ pence. remaining
at that price until August 10th,
an advance took place which con
tinued until November FL, when the price
At pence, but remained at that
point only a short time. The closing quo
on December 81 was ASK pence.
price for the year was 46.374
pence. equivalent to 99.465 cents per
ounce fine. The price of silver at the pres
mt time is 434 pence per ounce, British
standard, equivalent to $O.965 per ounce
In addition to the stock of coin, the
owned gold and silver bullion
n the mint awaiting coinage; value Of gold,
SS1.4OO, 900; of silver, 81, zoo, zoo. Total,
SS8, 4OO. 900. The total metallic stock
On January 1, 1887, of gold, $641 ,4OO,-
200. Silver, $751; sou, OOO.
He gives official figures to show that of
The stock gold coin estimated to have been
n the United States on the first of the
present year as follows: In the Treasury
If the United States and in the National
Ind State banks and in circulation on the I
Pacific slope $3.50, 900 600. leaving $780, ,
700. 600 in the hands of the people and in
and savings institutions of the
United States East of Sierra Nevadas
other han National banks) and S49 State
which reported to the comptr ,ller of q
he currency. All stock and ownership of {
and silver coins in the United States (
anuary 1st, 1887, is given az follows: =
States Treasury, $1S6, 9O1 ,494: v
banks, $166. 993, $50; State and
Their banks and private individuals,
531, 156, SO4. Total, $685., O51 1854.
he total stock of paper and metallic a
aoney in the United States, the paper all b
ither r~edeemable in coin or secured by A
~redeemable in coin, amounting on O
anuary l, 1887, to $1,S79,919,93 5. e,